Simplify High Yield ETF $CDX Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its position in Simplify High Yield ETF (NYSEARCA:CDX) by 76.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 107,042 shares of the company’s stock after acquiring an additional 46,291 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Simplify High Yield ETF were worth $2,384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CDX. Altiora Financial Group LLC raised its stake in shares of Simplify High Yield ETF by 301.5% in the 3rd quarter. Altiora Financial Group LLC now owns 1,005,361 shares of the company’s stock valued at $23,033,000 after purchasing an additional 754,944 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of Simplify High Yield ETF in the 4th quarter valued at about $7,109,000. Drive Wealth Management LLC raised its stake in shares of Simplify High Yield ETF by 177.2% in the 4th quarter. Drive Wealth Management LLC now owns 372,252 shares of the company’s stock valued at $8,290,000 after purchasing an additional 237,952 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Simplify High Yield ETF in the 4th quarter valued at about $4,935,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Simplify High Yield ETF in the 3rd quarter valued at about $4,809,000.

Simplify High Yield ETF Stock Performance

Shares of Simplify High Yield ETF stock opened at $21.14 on Friday. The firm has a market cap of $442.88 million, a PE ratio of 11.17 and a beta of 0.31. The firm’s 50-day simple moving average is $21.42 and its 200-day simple moving average is $21.95. Simplify High Yield ETF has a 1 year low of $21.07 and a 1 year high of $23.38.

About Simplify High Yield ETF

The Simplify High Yield PLUS Credit Hedge ETF (CDX) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is a fund-of-funds that invests in US high-yield bond ETFs with different maturities. It also provides a credit hedge overlay, which may contain S&P 500 Index (SPX) puts. CDX was launched on Feb 14, 2022 and is managed by Simplify.